Company Registration No. 06913072 (England and Wales)
AD Flooring Contracts Ltd
Unaudited accounts
for the year ended 30 June 2023
AD Flooring Contracts Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
35,753
31,765
Cash at bank and in hand
111,012
146,285
Creditors: amounts falling due within one year
(59,748)
(36,854)
Net current assets
70,059
119,861
Total assets less current liabilities
105,812
151,626
Creditors: amounts falling due after more than one year
(30,008)
(40,400)
Called up share capital
2
2
Profit and loss account
75,802
111,224
Shareholders' funds
75,804
111,226
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 March 2024 and were signed on its behalf by
R Capocciama
Director
Company Registration No. 06913072
AD Flooring Contracts Ltd
Notes to the Accounts
for the year ended 30 June 2023
AD Flooring Contracts Ltd is a private company, limited by shares, registered in England and Wales, registration number 06913072. The registered office is 86 High Street, Carshalton, Surrey, SM5 3AE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on Remaining Balance
Motor vehicles
25% on Remaining Balance
Computer equipment
25% on Remaining Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortization.
Goodwill is being written off in equal annual installments over its estimated economic life of 5 years.
4
Intangible fixed assets
Goodwill
Intangible fixed assets are measured at cost less accumulative amortization and any accumulative impairment losses.
AD Flooring Contracts Ltd
Notes to the Accounts
for the year ended 30 June 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
4,321
52,012
4,688
61,021
Additions
612
11,000
-
11,612
Disposals
-
(12,882)
-
(12,882)
At 30 June 2023
4,933
50,130
4,688
59,751
At 1 July 2022
3,963
22,468
2,825
29,256
Charge for the year
242
6,916
466
7,624
On disposals
-
(12,882)
-
(12,882)
At 30 June 2023
4,205
16,502
3,291
23,998
At 30 June 2023
728
33,628
1,397
35,753
At 30 June 2022
358
29,544
1,863
31,765
Amounts falling due within one year
Other debtors
2,048
10,430
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
37,874
8,521
Taxes and social security
21,874
28,333
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
30,008
40,400
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
AD Flooring Contracts Ltd
Notes to the Accounts
for the year ended 30 June 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
During the year, the company made loans to the Director totalling £nil (2022-£8143). At the year-end, the amount outstanding from the Director was £nil (2022- £8143). Loans are repayable on demand and bear interest at 2.5% per annum.
11
Average number of employees
During the year the average number of employees was 3 (2022: 3).